Ask The Author Live: John Cassidy on the Debt Crisis
In this article, John Cassidy, instead of writing the traditional article and argues or debates something, answers questions about the recent stock market plummets and the debt crisis. I picked this article because I feel that its important to cover the most recent news about our economy at the moment because it will ultimately affect us all whether we feel it or not.
The first question is about where our money goes if its wiped from the market. John answers that of course when you get stocks, you give up money for paper which is a stock certificate but if the stocks are worthless, than you really are just holding paper. As long as the market stays up however, its still worth money. So no one got the money except for a few select few that expected the market to fall.
Another is asking whether low interest is good or bad. He says it won't make a difference. Its already expected to stay low.
One asks whether he thinks that if the US Gov. tries to reduce deficit rather than creating jobs, whether the result will be a double recession. John says that in the long term, they will need to take long term debt protection. It will most likely not be an easy road but its still all the necessary.
This article is pretty interesting and effective because it shows us the modern day economy and shows us what to do. It uses imagery, repetition, mood, etc. This is especially using point of view, dialogue and some foreshadowing. It is a Exposition type of article.
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